Revoking Section 1 of Department Circular No. DC2013-12-0029 Entitled "Adopting an Interim Criteria for the Declaration of Market Intervention in the Wholesale Electricity Spot Market"
WHEREAS, Section 37 of the Republic Act No. 9136, otherwise known as the "Electric Power Industry Reform Act of 2001" (EPIRA), the Department of Energy (DOE) is mandated to, among other things to:
a) Supervise the restructuring of the electric power industry;
b) Formulate rules and regulations as may be necessary to implement the objectives of EPIRA; and
c) Exercise such other powers, as may be necessary or incidental to attain the objectives of EPIRA;
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